Panagora Asset Management Inc. purchased a new stake in Union Bankshares Corporation (NYSE:AUB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 900 shares of the company’s stock, valued at approximately $32,000.

A number of other large investors have also recently made changes to their positions in AUB. Investors Research Corp bought a new position in Union Bankshares in the 2nd quarter valued at $57,000. Carroll Financial Associates Inc. purchased a new stake in shares of Union Bankshares during the 2nd quarter valued at $1,202,000. First National Bank of Omaha purchased a new stake in shares of Union Bankshares during the 2nd quarter valued at $1,641,000. Tributary Capital Management LLC purchased a new stake in shares of Union Bankshares during the 2nd quarter valued at $26,868,000. Finally, McCollum Christoferson Group LLC purchased a new stake in shares of Union Bankshares during the 2nd quarter valued at $500,000.

Several research firms have recently weighed in on AUB. Boenning Scattergood restated a “hold” rating on shares of Union Bankshares in a research report on Friday, July 19th. Raymond James set a $40.00 price objective on shares of Union Bankshares and gave the company a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Monday, September 9th. Finally, Keefe, Bruyette & Woods cut shares of Union Bankshares from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $40.00 to $37.00 in a research report on Thursday, September 5th.

Shares of Union Bankshares stock traded down $0.31 on Monday, hitting $39.14. 141,075 shares of the company traded hands, compared to its average volume of 302,788. The company’s 50-day simple moving average is $36.44. Union Bankshares Corporation has a 12-month low of $26.48 and a 12-month high of $41.11.

Union Bankshares (NYSE:AUB) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.70 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.70. The company had revenue of $169.17 million for the quarter, compared to analysts’ expectations of $169.26 million.

Union Bankshares Company Profile

Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.

See Also: Why is the ex-dividend date different from the record date?

Want to see what other hedge funds are holding AUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Bankshares Corporation (NYSE:AUB).

Institutional Ownership by Quarter for Union Bankshares (NYSE:AUB)

Receive News & Ratings for Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.